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Sapphire foods IPO, Should you subscribe KFC and pizza hut operator IPO

 Sapphire Foods IPO Details:

Hospitality companies are coming up with IPO in India. Talking about the last few months, companies like Devyani International, Jubilant Food works, West life Development, and Burger King have brought their IPOs in the Indian stock market and Indian investors have also earned good returns in these IPOs. Now such another company is coming up with an IPO in Indian to raise money from the Indian stock market. Today we will talk about the IPO of KFC and Pizza Hut operator Sapphire Foods Company.


Sapphire foods IPO, Should you subscribe KFC, pizza hut operator IPO


Sapphire Foods Company Business model:

In 2015, Sapphire Foods began association with YUM and got non-exclusive rights to run restaurants with YUM's leading brands like KFC, Pizza Hut and Taco Bell. If we will see track the data till June 2021, company has and operate 209 KFC restaurants chains in countries like India and the Maldives.

Sapphire foods Company operates 239 Pizza Hut outlets in the countries like India, Sri Lanka and the Maldives. Further if we will talk about the another brand of the company then  company run two Taco Bell restaurants in Sri Lanka. Company had showed good growth in the last two years. As of march 2019. Company had 376 total numbers of restaurants   but now company has 450 as of June 2021.YUM's largest franchisee in the Indian subcontinent. Sapphire Foods Company has main competition with companies like Jubilant Foodworks, Westlife Development, Burger King & Devyani International.

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Sapphire Foods Company sales & revenues record:

If we will track the sales of company three main brands then In the years of 2020, top brands like Pizza Hut, KFC, and Taco Bell had recorded globally total sales of $11.9 billion $26.2 billion, and $11.7 billion, respectively. In FY21 , Sapphire Foods comapny loss reduced to Rs 99.9 crore from a loss of Rs 159.25 crore compared last year.  Due Covid 19 Company Revenue from operations dropped from Rs 1,340.41 crore to Rs 1,019.62 crore in FY21.

Let us know you that This IPO is completely an offer for sale of 1.75 crore equity shares by Company existing shareholders which including promoters QSR Management Trust & Sapphire Foods Mauritius, and investor WWD Ruby. Sapphire Foods has planned to raise nearly 2073 crore at the upper price band of this IPO which is 1180rs. The company has decided that it will not receive funds from IPO as all the money but excluding issue expenses & it will go to the selling shareholders.

 

Question: What the IPO Price band of Sapphire Foods IPO?

Answer: Sapphire Foods IPO price band is Rs 1,120 to 1,180

Question: When Sapphire foods IPO will open?

Answer: Sapphire Foods IPO will open for the subscription on 9 November 2021.

Question: When Sapphire foods IPO will close for subscription?

Answer: The last for apply Sapphire foods IPO is 11 November 2021.

Question: What is the lot size of Sapphire foods IPO?

Answer: The Lot size of sapphire foods IPo is of 12 equity shares in 1 lot and in multiples of 12 shares thereafter.

Question: what is minimum amount is required for retail investors for apply sapphire foods IPO?

Answer: If Retail investors wants to apply 1 lot of sapphire IPO then retail investors can bid for a minimum Rs 14,160 for one lot and 14 lots of maximum investment would be required amount of Rs 1,98,240.

Question: What the Sapphire foods IPO shares allotment date?

Answer: Sapphire foods IPO share allotment date is 16 November 2021  

Question: What is amount refund date of Sapphire Foods IPO?

Answer: The unsuccessful bidders will get refund on 17-November -2021.

Question: When Sapphire foods IPO shares will be credited into demat accounts?

Answer: The Eligible investors of sapphire foods IPO will get shares in to their demat accounts on 18 November 2021

Question: What is the listing date of Sapphire foods IPO?

Answer: Sapphire foods IPO will be list on 22 November 2021

Question:  When Anchor book will open for Sapphire foods IPO?

Answer: Anchor book will open for Sapphire foods IPO on November 8-2021

Question: Should you subscribe Sapphire foods IPO?

Answer: Sapphire foods IPO operates best food chain restaurant chains in India like Pizza hut, KFC etc having strong brand positioning into the mind of the youngsters. Company losses has also reduced in the current fiscal year. There is not question that company will face strong competition from the market in India but nowadays Indian youngsters love fast food from the brands restaurants and hygienic concept will also be in the mind of the customers  therefore big food chains like pizza hut & KFC maintain  the hygienic environment and also offer good quality of food to customer. The price band of sapphire foods  IPO looks bit expensive but it will get good response from the Indian market. Therefore we may see good listing gains into the Sapphire foods IPO. 

Recommendation: Subscribe to Sapphire foods IPO

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